Location: Nassau-Suffolk, NY | Metro: Nassau-Suffolk, NY HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,980 |
| 1 Bedroom | $2,300 |
| 2 Bedrooms | $2,710 |
| 3 Bedrooms | $3,490 |
| 4 Bedrooms | $3,700 |
| 5 Bedrooms | $4,292 |
| 6 Bedrooms | $4,807 |
| 7 Bedrooms | $5,192 |
| 8 Bedrooms | $5,452 |
The ZIP code 11802 in Nassau-Suffolk County, NY, stands out due to the lack of comprehensive demographic data available for this area. Specifically, there is no information on the number of residents, the percentage of renters, the median income, or the median home value. This scarcity of data can make it challenging to fully assess the economic landscape and housing trends in 11802.
However, we can provide insight into the voucher economics for landlords and small-portfolio investors. The Fair Market Rent (FMR) for ZIP 11802 in fiscal year 2024 is set at $2550. This figure represents the maximum amount that a landlord can charge for a rental property under the Section 8 program. Given the absence of market rent data for comparison, it's important for landlords to understand that this FMR is a guideline that helps determine eligibility for housing assistance and the payment standards for subsidized rentals.
In terms of stability, the data signature for ZIP 11802 reads as transitional. Without concrete figures on the local rental market or demographic makeup, it's difficult to predict long-term trends or stability. Landlords should be prepared for fluctuations and changes in tenant demand and behavior until more detailed data becomes available.
Data Sources: FMR data from HUD (2027).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.